Legacy SNX Stakers Must Recover Positions After 420 Pool Transition
Legacy SNX Stakers Must Recover Positions After 420 Pool Transition
🚨 Your SNX Just Vanished
Some SNX stakers may find their staking positions have disappeared due to the transition to the 420 Pool. Positions with collateral ratios above 160% can be recovered.
To recover your position:
- Join the Synthetix Discord
- Use create-a-ticket channel
- Provide your public address
The 420 Pool offers:
- Debt forgiveness over 12 months
- New sUSD staking incentives
- Simplified SNX staking
Important: Never share private keys or accept DMs claiming to be Synthetix staff.
Some legacy SNX stakers may notice their staking positions have left their wallets as part of the transition to the 420 Pool. 🟢 Healthy positions can still be recovered ⌛ Take action soon to reclaim your SNX. Details in the blog: blog.synthetix.io/the-end-of-sol… Summary Below 🧵 🔽
🚨 sUSD 420 Pool $SNX rewards kick off in 14 hours! 🚨 💰5m $SNX up for grabs over the next 12 months (13,698 daily) for sUSD stakers. ⚠️You must be an $SNX 420 pool staker to get rewards. To join the early access tg group complete this form: docs.google.com/forms/d/e/1FAI…
🔔 The sUSD 420 Pool is launching with rewards starting in 36 hours 🔔 SNX stakers in the 420 Pool can deposit sUSD to earn a share of 5m SNX over 12 months - or 13,698.6 SNX daily 🧵 [1/5]
SNX Debt Jubilee Update and sUSD Staking Opportunity
**Important deadline approaching for SNX stakers:** - Debt jubilee resets and pauses in 10 days - Requirement: 10% of debt balance must be in sUSD 420 pool - Current staking rewards for sUSD exceed 100% APY Stakers who fail to meet the requirement will face debt position pauses. This affects all debt positions not meeting the 10% threshold in the 420 pool. *Time-sensitive action required for maintaining active debt positions.*
Synthetix Exchange Launch Approaches
Synthetix is preparing for a significant development with their Exchange platform. The project has been teasing the launch through multiple announcements since December 2024. Key points: - Initial teaser released December 9, 2024 - Follow-up announcements in April/May 2025 - Exchange platform appears to be in final preparation stages The Synthetix Exchange represents a new chapter for the protocol, though specific details remain under wraps. Community members should stay tuned for official announcements.
Synthetix Liquidations Resume - 420 Pool Migration Update
Synthetix is re-enabling liquidations for existing stakers following the 420 Pool migration launch. Key updates: - Stakers with c-ratio below 160% are now at risk of liquidation - The 420 Pool offers complete debt forgiveness for migrators - Over 100m SNX already deposited in first day - New features include: * No liquidation risk * Protocol-managed sUSD liquidity * SNX-backed yield generation * Partnership with Ethena Labs for USDe minting Non-stakers will soon be able to participate with new incentives. A cross-chain Swap & Stake feature is coming to support deposits from multiple EVM chains. [Migrate to 420 Pool](https://420.synthetix.io/) [Read Documentation](https://docs.synthetix.io/welcome-to-synthetix-user-docs/snx-staking/deposit-snx-to-the-420-pool)
Synthetix Launches Redesigned Website with Enhanced Features
Synthetix has unveiled a comprehensive website redesign that consolidates its product ecosystem into a single hub at synthetix.io. Key updates include: - Access to 90+ Perps markets - Expanded liquidity opportunities - New leveraged tokens for 10+ assets The enhanced stats page now displays: - Real-time APRs and fees data - Liquidity rewards metrics - Perps volume analytics - SNX token performance The governance structure aligns with Vision 2025, featuring the Spartan Council with 6-month election terms and a 4/7 approval threshold. Visit synthetix.io to explore the new interface.
Synthetix Launches Multi-collateral Perps with tBTC Support
Synthetix has launched Multi-collateral Perpetuals on Kwenta (Arbitrum network) with tBTC as the primary Bitcoin collateral option. Key features: - 81 new perpetual markets added - 4 collateral options including tBTC, ETH, USDe, and USDx - tBTC integration offers 1:1 BTC backing with permissionless minting - No KYC required for Bitcoin bridging Limited-time incentives: - Reduced taker fees (5 bps) for 2 weeks - 20% of trading fees distributed to LPs for 1 month - Kwenta points program active for traders Trading now live at kwenta.io